Jefferies Financial Group Lowers The Sage Group (LON:SGE) Price Target to GBX 1,000

The Sage Group (LON:SGE) had its target price decreased by stock analysts at Jefferies Financial Group from GBX 1,100 to GBX 1,000 in a report released on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 24.22% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Citigroup decreased their target price on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. JPMorgan Chase & Co. dropped their price target on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating for the company in a research report on Wednesday. UBS Group reissued a “buy” rating and issued a GBX 1,025 price objective on shares of The Sage Group in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 1,135 target price on shares of The Sage Group in a research note on Thursday, May 21st. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,072.86.

The Sage Group Stock Performance

Shares of SGE opened at GBX 805 on Thursday. The business has a 50-day simple moving average of GBX 867.38 and a two-hundred day simple moving average of GBX 911.13. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 919.09. The Sage Group has a 52 week low of GBX 771.66 and a 52 week high of GBX 1,335. The stock has a market cap of £7.25 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.22 and a beta of 0.29.

The Sage Group (LON:SGE) last posted its quarterly earnings data on Friday, May 22nd. The company reported GBX 23.74 earnings per share for the quarter. The firm had revenue of GBX 136.30 billion for the quarter. The Sage Group had a return on equity of 81.91% and a net margin of 14.62%. On average, analysts expect that The Sage Group will post 42.1496095 EPS for the current year.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.